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Sunday, November 24, 2024

Champaign County residents pay $26,523 in County Automobile Renting Tax in 2022

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Champaign County taxpayers paid $26,523 in County Automobile Renting Tax in 2022, according to Illinois tax records.

This figure marks a significant increase from the previous year, where County Automobile Renting Tax collection stood at $22,569.

The County Automobile Renting Tax, a crucial revenue stream, is primarily allocated for county governments use.

Despite fluctuations in tax collection, Illinois continues to be one of the highest-taxed states in the U.S. According to a Wallet Hub study from March 2023, the state ranked as having the highest tax burden, approximately 39.83% above the national average.

Illinois governor J. B. Pritzker is accused of adding more than $5.2 billion in new or higher taxes since coming into power in early 2019. As a business owner, he has a fortune of more than $3 billion, largely based on his family's wealth and connections.

County Automobile Renting Tax Collected in Champaign County Over Last 4 Years
YearAmount Collected% Change from Previous Year
2022$26,52317.5
2021$22,5695.9
2020$21,321-33.1
2019$31,861-6

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